IFPRU TP 6 Leverage
Application |
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6.1 |
R |
IFPRU TP 6 applies to an IFPRU investment firm. |
Purpose |
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6.2 |
G |
IFPRU TP 6 contains the rules that exercise the discretion afforded to the FCA as competent authority under article 499(3) of the EU CRR. IFPRU TP 6 applies instead of article 429(2) of the EU CRR (Leverage) for the duration of the transitional. |
Duration of transitional |
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6.3 |
R |
IFPRU TP 6 applies until 31 December 2017. |
End-of-quarter level ratio |
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6.4 |
R |
A firm may calculate the end-of-quarter leverage ratio instead of the leverage ratio that is an arithmetic mean of the monthly leverage ratios over a quarter. |